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Sahara Energy Ltd.: Successful Well Drilled on Blackfoot Lands
Oct. 19, 2010 06:17PM PST
Oil and Gas InvestingSahara Energy Ltd. (CVE:SAH) reports that Forent Energy Ltd. has successfully completed drilling at the first farm-in well on Sahara’s Blackfoot lands.
Sahara Energy Ltd. (TSXV:SAH) reports that Forent Energy Ltd. has successfully completed drilling at the first farm-in well on Sahara’s Blackfoot lands.
The press release is quoted as saying:
The well is currently producing at a rate of 50 barrels of oil per day. Sahara owns a 15% royalty on the well convertible to a 50% working interest after payout.
Click here to access the entire press release